<ul data-eligibleForWebStory="false">Shiba Inu's price action turns bullish after breaking out of a descending channel, with support at $0.000011 and resistance at $0.000014.CoinCodex predicts SHIB could reach $0.00001254 by July 6, showing a potential 8% ROI over the weekend.Over 1.3 billion SHIB coins were burned in a week through the ShibTorch portal, contributing to a long-term supply reduction narrative.The community-driven burning method on Shibarium network aims at reducing circulating supply, signaling long-term optimism for Shiba Inu.